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OpenAI is reportedly in talks to raise $40 billion in funding, potentially valuing the company at $340 billion. This move comes as OpenAI faces increasing competition from Chinese AI startup DeepSeek, which has gained traction in the US market with its cost-effective AI model.
OpenAI is in talks to raise new capital at a valuation of up to $340 billion, CNBC has confirmedOpenAI faces growing competition in the generative artificial intelligence market, including from China's DeepSeek.
OpenAI is in talks to raise up to $40 billion in a funding round that would lift the artificial intelligence company's valuation to as high as $340 billion, CNBC has confirmed. Masayoshi Son's SoftBank would lead the round, contributing between $15 billion and 25 billion, according to two people familiar with the negotiations who asked not to be named because the talks are ongoing. SoftBank would surpasslast week, the sources said. The plan calls for billions of dollars to be invested in U.S. AI infrastructure. OpenAI was last valued at $157 billion by private investors. In late 2022, the company launched its ChatGPT chatbot and kicked off the boom in generative AI. OpenAI Meanwhile, Chinese startup lab DeepSeek is blowing up in the U.S, presenting fresh competition to OpenAI. DeepSeek saw its appApp Store rankings this week and roiled U.S. markets on reports that its powerful model was trained at a fraction of the cost of U.S. competitors.At an event in Washington, D.C., on Thursday hosted by OpenAI, CEO Sam Altman said DeepSeek is"clearly a great model." "This is a reminder of the level of competition and the need for democratic Al to win," he said. He said it also points to the"level of interest in reasoning, the level of interest in open source." Tom Lee says market sell-off sparked by DeepSeek was an overreaction, as Nvidia suffers its worst day since 2020Amazon, Broadcom are buying opportunities on DeepSeek sell-off, Hightower's Stephanie Link says
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OpenAI in Talks for $40 Billion Funding Round at $340 Billion ValuationOpenAI is negotiating a new funding round that could raise up to $40 billion, pushing its valuation to as high as $340 billion. SoftBank is leading the investment, aiming to surpass its previous investment. This influx of capital will be directed towards bolstering U.S. AI infrastructure. OpenAI's valuation surge comes amidst intensifying competition in the generative AI market, particularly from China's DeepSeek, which has gained traction with its cost-effective AI model.
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